Shares of Stallion India Fluorochemicals Ltd skyrocketed 10% on 12 August after the company announced that it had signed a Memorandum of Understanding (MoU) with the Government of Rajasthan to develop a cutting-edge R-32 refrigerant gas manufacturing facility in Bhilwara district.

The plant will also manufacture sophisticated refrigerants such as R-410A, R-404A, R-407C, R-454B, R-515B, and R-513A.

Shazad Sheriar Rustomji, managing director and CEO of Stallion India Fluorochemicals, said, “This project marks a significant milestone in our capacity expansion strategy and underscores our commitment to serving the growing demand for environment friendly and energy-efficient refrigerants in India. The Bhilwara facility will strengthen our domestic manufacturing footprint, reduce import dependency, and position us to cater to both domestic and export markets.” 

According to Stallion India, the project will cost approximately Rs 120 crore and create 30 direct jobs. Production will commence in 2026.

Stallion India has already begun the land acquisition process, and the Rajasthan State Industrial Development and Investment Corporation (RIICO) will provide assistance with permissions, clearances, and infrastructure to enable timely execution.

“We are grateful to the Government of Rajasthan for its proactive support in enabling this investment, which aligns with our long-term vision of innovation, sustainability, and customer-centric growth,” Rustomji added.
 
Stallion India Fluorochemicals Limited (SIFL), established in 1992, is a market leader in refrigerants and industrial gases. With over 30 years of experience, the company has established a strong position in processing, blending, and transporting gases for a variety of industries, including air conditioning, refrigeration, fire safety, semiconductor manufacturing, pharmaceuticals, Stallion India Fluorochemicals, automotive, and glass production.

It has four strategically located manufacturing facilities in Khalapur, Ghiloth, Manesar, and Panvel, with a focus on debulking, mixing, and processing gases. Unlike many competitors that primarily manufacture base chemicals, Stallion India distinguishes itself by its focus on gas mixing.

It offers customised solutions for hydrocarbons (HC), hydrofluorocarbons (HFCs), and hydrofluoroolefins (HFOs).

At 3:30 pm, the shares of Stallion India closed 8.35% higher at Rs 124.10 on NSE.

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